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, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with washington. >> i can't believe we've gotten this close. >> time for them to turn in their term paper. >> this is america. they should be working for the american people. >> the parties are trying to outdo
cut. uc health systems could face 21 million in cuss cuts. after today's meeting, nancy pelosi said she was encouraged a little it was constructive. and candor is constructive. and... i think it moved us. >> republicans blame the president for the collapse of a bigger deal which would have cut spending and reduced debt. >> it's the president's response dwroiblt layout a plan and to bring people together. >> larry reid agreed to spend the weekend working on a plan. >> i'm looking at impact of the spending cuts that -- from that study. when you start to get into specifics today when we call health centers today or public health department to ask about how the cuts would affect san francisco and the bay area, nobody knows yet. because the budgets have not been formalized. they're waiting to hear which programs will be cut, which will be spared. >> they're waiting for congress. >> thank you. >> the stock market taking lack prof gres badly this, oñ performance over the last five trading. >> the nasdaq down 25 points for the day. s and p off by 15. >> if you're on long term unemploymenti
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